The Tokenization Standards Association (TSA), operating under
the brand name BetterTokens, carefully selects projects under clear guidelines. We set up
industry standards, ensuring investor protection and helping to fight fraud. Qualified token
issuers are identified on Waves DEX with a ticker.

BetterTokens develops due diligence standards for companies and individuals involved in
tokenisation of assets, ensuring proper investor protection and compliance with
applicable regulations.

Awarding TSA Qualified Issuer Status

An expert committee assesses token issuers’ projects and awards Qualified Issuer Status
to those complying with relevant regulatory requirements. Qualified Issuers are
identified on Waves DEX with a ticker.

Outsourcing review of tokens

We cooperate with centralised and decentralised exchanges who are prepared to outsource
the assessment of assets applying for listing to a qualified third party.

Engaging financial regulators

BetterTokens runs a work group dedicated to discussing trends, projects and new
initiatives in the blockchain industry with regulators worldwide, including Japan, the
United States, Switzerland, Malta, Luxembourg, Slovenia and other nations.

1

Check your eligibility

Any project that is considering applying for Qualified Issuer
status will need to consider carefully the information published on the BetterTokens
website, specifically the Code of Conduct, Tokenisation Standards and the application
form and process description.

During this phase BetterTokens will review the application and
submitted documents for compliance with the application process.If the application does not meet the established requirements it will be discarded with no further
consideration, and corresponding notice given to the applicant.